Property Overview
This is a compact, one-storey home in Kern Park, built in 1990. With 809 square feet of living space and a renovated basement, it sits on a 3,300 sqft lot. The home’s assessed value is notably strong for the Kern Park area, ranking above the neighbourhood average. Recent sale history shows steady appreciation over the last decade.
Key Characteristics & Appeal
The primary appeal of this property lies in its modern age relative to its surroundings and its efficient, low-maintenance footprint. As a 1990 build, it is a generation newer than most homes on its street and in Kern Park, suggesting potentially fewer major upkeep concerns compared to much older stock. The renovated basement adds functional living space.
Its size and scale make it a practical fit for first-time buyers, downsizers, or investors seeking an affordable entry into the market. The below-average living area and lot size translate to lower utility costs and less yard work, which can be a draw for those seeking simplicity. The above-average assessed value for the neighbourhood indicates it is viewed favorably within the local context, possibly due to its condition and modern build.
Frequently Asked Questions
1. How does the home's size compare to others?
At 809 sqft, the living area is below average for the street, neighbourhood, and city. This makes it a more compact, manageable home.
2. What does the assessed value tell us?
The assessed value of $31,600 is above the average for Kern Park, but around average for its specific street. This suggests the property holds its value well within its immediate area.
3. Why is the year built significant?
Built in 1990, this home is significantly newer than most in the area. On Yale Avenue E, it ranks in the top 5% by year built, meaning it's one of the newest houses on the block, which can be a major advantage for maintenance and systems.
4. What is the recent sale history?
The home has sold three times since 2016 (2016, 2020, 2022), with each sale price range higher than the last, indicating a trend of appreciation.
5. Who might this property suit best?
It's well-suited for first-time homeowners comfortable with a smaller footprint, investors looking for a relatively modern rental property, or empty-nesters seeking to downsize into a single-level home with a modern baseline.